EOD UPDATE 04-09-2019

India May Have Entered ‘Quasi-Recession’ As Growth Slumps: Economists

Crisis Among Shadow Banks Pushes Up Funding Costs Overseas: Report

India’s slowest economic growth in six years has prompted predictions for deeper interest-rate cuts, but that’s yet to translate into easier borrowing conditions at home for the shadow lenders.

Auto Stocks Extend Losses On Weak Sales Numbers, Tata Motors Dips Over 5%

The S&P BSE Auto index on the Bombay Stock Exchange fell 1.33 per cent at one point of time.

K Palaniswami US visit: Tamil Nadu attracts investments worth over Rs 2,700 crore

India’s largest realty developer Macrotech lays off 400 employees due to debt

Amazon India to weed out single-use plastic packaging by June 2020
Amazon’s move comes ahead of Prime Minister Narendra Modi’s upcoming ban on plastic bags, cups and straws.

Services Growth Slows In August On Weaker Demand: Survey

Country’s economy grew at an annual rate of 5.0 per cent last quarter, its slowest in more than six years and significantly lower than 5.7 per cent predicted in a Reuters poll.

Maruti Suzuki To Shut Gurugram, Manesar Manufacturing For 2 Days

Maruti Suzuki shares fell as much as 3.72 per cent to Rs 5,824.50 apiece on the BSE.

Sebi seeks clarification from IndiGo on Gangwal’s letter
Gangwal has complained to Sebi against certain statements made by the chairman and CEO of the airline company Rahul Bhatia

US-China Trade War May Escalate Further, Says Moody’s

Trade relations between the US and China soured further on August 23 after China announced new retaliatory tariffs on imports from the US.

GE T&D India gains 4% on Rs 90cr order wins
It also includes an extension of three existing substations at Hurand, Sirakole and Indus by adding two bays each.

India May Miss Deficit Target Amid Pressure For More Stimulus: Report

Tax collections could fall by as much as Rs 1 lakh crore ($14 billion), or 4 per cent of $344 billion annual target, according to the report.

LinkedIn Ranks OYO As The Top Indian Startup To Work For

LinkedIn measured the start-ups based on four parameters which are employment growth, engagement, job interest and attraction of top talent.

Jet Creditors To Recover $300-$400 Million In Case Of Liquidation: Report

Jet Airways stopped flying in April after running out of cash, leaving thousands without jobs and pushing up air fares across the country.

RBI Asks Banks To Link Some Loans To External Benchmark

The RBI said lenders would now have to link all new floating rate personal or retail loans and floating rate loans to MSMEs to an external benchmark.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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